Why pay others to recover unclaimed money payable to you? Do it on your own!
- Date: 2007-07-12 - Word Count: 542
Share This!
If you have received communication indicating that you may be owed unclaimed money by an individual offering to recover your unclaimed money at a hefty cost, then you are not the only one to have received such an offer. Such offers are very common. However, individuals baulk at the idea of paying a lot of money to recover their own money. If you want to recover your unclaimed money without denting your wallet, there is an effective and efficient method for you to do so.Contrary to the fears of some individuals, the service of recovery of funds or finding of money is not illegal. It is a legal service offered by property locators or by heir finders.Unclaimed money recovery services are regulated by the law. So much so the maximum that can be charged from a person who is owed unclaimed money has been provided for in the law. The money is paid for the efforts of the individual to bring the existence of proof of unclaimed money to the individual.If you are not comfortable with the idea of paying some other person for locating YOUR money, then you can act on your own and try to claim the money yourself.The money that you had deposited in the old checking or savings accounts or the value in the stocks, bonds, dividends, insurance policies and safety deposit boxes, which have been forgotten and ignored are the prime constituents of unclaimed money. If you remain untraceable, the institutions shall hand over the money to the State after the expiry of a fixed period of time.Once the money is handed over, the agencies hold it waiting for you to come and claim the same. These agencies are required to advertise and are expected to try to contact you to repay the money. However, this never does happen and the owners are expected to take the initiative.Searching for unclaimed money is very simple. The first thing to do is to search an unclaimed money database. If the database searches details of unclaimed money from all state and federal databases, then that is the database that you ought to be using. Using any other database will give you incomplete results. You may still be owed unclaimed money.All-in-one databases charge for their service. However, the databases do not demand immediate payment. They allow one free search to the individual to determine if he or she is owed money or not. Then, it is for the individual to decide.Once the unclaimed money is found, all one has to do is fill the appropriate forms, which can be downloaded from most of the websites for free. The individual is required to attach proof of identification and/ or proof of either ownership or entitlement of the unclaimed money. Together, the two documents should suffice.Verification process is initiated if the documents and the form are found to be in order. The unclaimed money check should arrive, at the earliest, within two weeks and, at the latest, within sixteen weeks.If additional documents are required, you shall be contacted by the agency.If you follow this procedure, you can easily find and claim the unclaimed money without having to pay even a single cent to any other person.
Source: Free Articles from ArticlesFactory.com
Related Tags: money, pay, to, you, your, why, it, do, recover, others, on, unclaimed, payable, own!
Nicole Anderson offers detailed information about the problem unclaimed money at www.cashunclaimed.com. The database of cashunclaimed.com includes information from the state as well federal databases. The website offers unlimited search to the members. A free money search to locate your missing money is possible today. Your Article Search Directory : Find in Articles
Recent articles in this category:
- The No. 1 Rule For Projecting Confidence - Speak With Authority
One of the most important characteristics a person can project in a business setting - or any situat - After the Autumn Checkout European Debt Crisis and U.S. Brewing Rebound
In the commotion caused by the Fed on interest rates come to an end, the "disastrous" for the euro a - Advantages Of Arcade Game Rentals
There are many different advantages to arcade game rentals. Most people need something to release th - A General Primer on Truck Cargo Nets
In modern highways it is quite rare to see truck cargo nets in action, this is because they are usua - The United States Will Burst More Severe Financial Crisis
Not long ago, suddenly announced that the central bank to raise interest rates, the interest rate hi - Niche Marketing Profits - 3 Easy Steps to Finding a Profitable Niche Market Income in 10 Minutes
Like most beginners I was having a very difficult time trying to find a niche market to earn extra m - The Importance of Hospitality Management Consulting Firms Toronto
Businesses and the managers that help guide any business are in a constant state of improvement and - New Keynesian Theory Label
2010 winner of the Nobel Prize in Economics three theories have been labeled as "New Keynesian" labe - Federal Reserve Pouring Money QE2 Unpredictable Fortune
U.S. economist Milton Friedman proposed a "throw the cash from a helicopter" view, while the practic - Fiscal Consolidation Should no Longer Delay
British Chancellor of the Exchequer George Osborne today announced fiscal consolidation policy, shoc
Most viewed articles in this category:
- Common Financial Problems to Avoid
One must first change their habits and not procrastinate. American Consultants Inc at offers key fi - How a Bad Hire Can Hurt Your Business
What's worse - hiring the wrong person or not hiring anyone at all? Companies can become almost des - Joel Comm Is Dr. Adsense
What is Adsense? If you are new to making money online and net marketing, you may not know what Ads - 5 Steps For A Dynamic Wealth System Online
Recipe: Opportunity + knowledge + Dynamic Wealth System + Your Action = Massive Success!!! Step 1 - How To Stop Foreclosure
Losing your house to a foreclosure can be very scary. There are times when circumstances are ou - How to Always Pitch A Strike
As business owners, we are always working on new ways to convince people to become customers, client - Membrane Diffuser Solutions for Wastewater Treatment Systems
In the aeration basin of a typical wastewater treatment plant there are both organic and inorganic m - Another Year Hating Your Job or Loving Life?
Copyright © 2007 Mary Foley I've come to the conclusion that to be successful - really successf - Dyestuff Industry In India And China
World demand for dyes and organic pigments to touch $10.6 billion in 2008According to a study on dye - Cma-cgm Case : the Series of Lawsuits Continues in Syria, Lebanon, Egypt, France, England and the United States
Damietta company case : The series of lawsuits continues in Syria, Lebanon, Egypt, France, England a